ARM Holdings plc Stock Rating Reaffirmed by Deutsche Bank (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a GBX 975 ($16.40) price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 13.24% from the company’s current price.
ARM Holdings plc (LON:ARM) traded up 1.89% during mid-day trading on Wednesday, hitting GBX 860.9999. The stock had a trading volume of 7,778,738 shares. ARM Holdings plc has a 52 week low of GBX 752.00 and a 52 week high of GBX 1112.00. The stock’s 50-day moving average is GBX 934.2 and its 200-day moving average is GBX 974.9. The company’s market cap is £12.131 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Monday. They now have a GBX 1,200 ($20.19) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Thursday, May 15th. They now have a GBX 1,450 ($24.39) price target on the stock. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 831.82 ($13.99).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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